Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
On yer bike Zaskar! Pedal off with all your other aliases.
Filtered
Don't know about everybody else's view of Trevor B's negativity and continual knocking of this share-Why bother if invested in it- but I for one am fed up reading his pessimism -so sorry Trev but a red card for you and the green bin.
Keep faith folks Romw was not built in a day and the company is in a good position to progress and reward its true investors.
KN
@clarkg..
Good find. Nice to see the appreciation of the qualities and growth in the VRFB scenario.
Perhaps word is at last getting out there.
Can only be positive for V demand. Also interesting to note in the last few days that at last more V is used for VRF batteries than for all other non-steel applications together.
Just my view but I think we are seeing the beginnings of the long awaited battery revolution
KN
@codejunkie -I see your comments about ARCM . Cannot disagree . After a long time being patient with his rot he is now in the green box . Pity -he needed sympathy not binning
@paludina-As ever thank you for your sharing of information about imports to US
Taking a conservative view of what the profit margin is , the figures you show are truly reassuring that good perfomance will be reported eventually which doubtless will reflect in a decent uptick in the share price-at last!
KN
No.
KN
If domestic storage takes off- like I believe it will- then vanadium will be in short supply .
Simple economics -Short supply , higher demand , higher price raw material.
Bushveld are ideally situated to benefit, so the SP , in due course must bounce
Just my view
KN
Following Inhindsight's good find, very encouraging to see what is at
https://www.arbonia.com/en/news/rollout-for-redox-flow-battery-storage
Perhaps the beginning of an explosion of demand for V ?
KN
It seems to me to be the thin end of a highly beneficial wedge into the domestic VRFB market. Might seek one myself!
Good find!!
See https://www.voxmarkets.co.uk/articles/invinity-awarded-11m-to-build-uk-s-largest-grid-scale-battery-b4f15d8/?utm_campaign=No%20campaign&utm_medium=email&_hsmi=254302576&_hsenc=p2ANqtz--r9e31o82vEp9yr2O9oewOAjOpZUEnhiLuJByUdDZ4mRHqukLs4SkVkbitCU7CQVdKpJHIzybVlXx2WCdY76AIfJM1z1fOx0Q7tYOlXhnsJvmIqA8&utm_content=254302576&utm_source=hs_email
I wonder wehere the vanadiun will be sourced -oh yes that company run by Fortune??
Simple me- the sale price is 7% higher than the forecast and the dollar 6% stronger. Does that mean the predicted price should be 13% higher? I will be disappointed if that is as far as it goes ! Because when it goes, and it will, it will go off like a bottle of pop before settling back a bit. Just my view-not advice!!
KN
Meanwhile , while VRFB and Electrolyte development is coming over the hill, let us not forget that world demand for Vanadium for steel strengthening continues apace and is what has been the bread and butter for the company so far and the jam tomorrow will merely be a stunning bonus. The company is doing brilliantly without much VRFB demand so far.
KN
apologies for paste x2
An e-mail from Energy and storage popped up in my inbox.
While sorry for those affected I remain hopeful VRFBs will take down Lithium in gridscale storage , sooner rather than later .
The content included
Practical Investment Analysis for the New Energy Economy
Lithium Fires From NYC to Venice Beach
ALEX KOYFMAN | MAR 19, 2023
Dear Reader,
Another week, another slew of lithium fire headlines from across the country.
This past Tuesday, three businesses burned in Venice Beach, California, after a lithium battery overheated — a pet canine of one of the business owners perished.
That same day, an e-bike battery set fire to a home in Natchitoches, Louisiana.
A week prior, Easton, Pennsylvania, Fire Marshal Chad Gruver issued an open letter to the public warning that the hazards of lithium batteries can be found everywhere, including many of today’s most popular electronic devices.
“Their fragility and ability to increase the scale of an emergency, such as a fire, exponentially,” he stated, “We need to remember to use caution and try to reduce risk as much as possible.”
FDNY Commissioner Laura Kavanagh issued a similar warning in a recent interview.
"In all of these fires, these lithium-ion fires, it is not a slow burn; there’s not a small amount of fire. It literally explodes," she said. "It’s a tremendous volume of fire as soon as it happens, and it’s very difficult to extinguish and so it’s particularly dangerous."
This Trend Can Only Do Two Things: Grow or Die
With each passing year, the danger of lithium battery fires increases right alongside the number of batteries in circulation.
Finally, after nearly three decades of living with this potentially deadly nature of modern rechargeable batteries, people are starting to listen.
Practical Investment Analysis for the New Energy Economy
Lithium Fires From NYC to Venice Beach
ALEX KOYFMAN | MAR 19, 2023
Dear Reader,
Another week, another slew of lithium fire headlines from across the country.
This past Tuesday, three businesses burned in Venice Beach, California, after a lithium battery overheated — a pet canine of one of the business owners perished.
That same day, an e-bike battery set fire to a home in Natchitoches, Louisiana.
A week prior, Easton, Pennsylvania, Fire Marshal Chad Gruver issued an open letter to the public warning that the hazards of lithium batteries can be found everywhere, including many of today’s most popular electronic devices.
“Their fragility and ability to increase the scale of an emergency, such as a fire, exponentially,” he stated, “We need to remember to use caution and try to reduce risk as much as possible.”
FDNY Commissioner Laura Kavanagh issued a similar warning in a recent interview.
"In all of these fires, these lithium-ion fires, it is not a slow burn; there’s not a small amount of fire. It literally explodes," she said. "It’s a tremendous volume of fire as soon as it happens, and it’s very difficult to extinguish and so it’
@faramog -apologies ! I had forgotten the % ownership of vametco. Thank you for the clarity of your response
KN
@faramog
Forgive me querying your comment , but if costs are $28.00 per kilo and sale price is , it seems above $42.00 perkilo, the of the $225,000 per day , one third is profit -i.e. $75000 per day.
Mere speculation but whatever is correct, it is a handy sum
KN
Pickler,
Yes that is what I had as the Market cap. but could not believe it was so low, and had previously sen £150m so went with that ! Even greater disconnect!
KN
I have been hoping for an improvement in the share price to match the improvement in the company's performance . Haven't we all-except one or two trolls who are beneath contempt.So, I thought I would write to the Investors Chronicle . Had nothing better to do, so why not ?
I said that which I paste below. I hope my arithmetic was not too far out. Let us hope they may awaken the stock market!
I said ;-
I am perplexed by the paltry share price of the above company which is listed on AIM.
OK AIM is a stock market image of the wild west!
But this company has a cost per kilo , to produce its product and take it to market, of about $28. It is difficult to be precise because since the last company announcement of its cost per kilo the dollar has strengthened against the Rand , thus making the manufacture of its mined product cheaper.
Furthermore, the company is on track to increase the tonnage of product made and sold ,to something close to 5000 tonnes per annum, thereby reducing the fixed overhead cost per kilo element. $28 is a pessimistic estimate of the cost per kilo.
Meanwhile the price per kilo around the world has risen at a steady and, one hopes therefore, a sustainable rate to an average across world markets of about $43.00 per kilo.
Thus if one takes a pessimistic estimate of tonnage sold in a year , this year, of 4850 tonnes , the arithmetic is easy , 4850x1000x15=$72,750,000 profit.
Issued share capital is about 1.3 billion shares of 1p each, which at 5p per share gives a market capital of , if my calculation is correct about £150,000,000
It seems to me there is a remarkable disconnect between the profits presently being earned and the languishing share price , notwithstanding it is AIM, after all. I thought stock market assessment of companies tended to look forward about 18 months to assess them . The company intends to increase production after this year to a near future figure of 8500 tonnes, it has said.
The product is at its most basic used for hardening steel. There will be a market for its product given Biden’s infrastructure renewal programme , the rebuilding of Turkey after the earthquake , not to mention the consumption of steel presently occurring in Ukraine.
The company is at the forefront of the Vanadium Redox Flow Battery revolution in grid-scale energy storage.
It has a near 50% stake in a new Electrolyte manufacturing plant recently commissioned near Port Elizabeth which will increase its income stream quite apart from being a customer for the vanadium itself .
Despite the company being misunderstood to be a simple mining operation: despite it being in South Africa-which has its plethora of problems , it does seem to me that this company has for far too long been flying so much under the radar that the professionals in the stock market field are ignorant of the opportunity as an excellent investment which the company presents.
You might see fit to enlighten them.
I wonder if it might help?
KN
Hi Chrome, No but there is a company in Germany which I think is called Voltstorage who might help
KN
Good find Floyd.
And where will they buy their vanadium ? If not Bushveld, no matter because they will be increasing global demand when supply is constrained .
Happy days!!
KN